Improving your business -
Forward looking business support and advice:
How we can help:
If you are running a business but are feeling stuck, unsure, overwhelmed, or that you generally just need more support, you have come to the right place.
At Atlas + Oak, we are big believers that information is power, and to truly empower business owners with their decision making, they need better, up-to-date, and timely information, about their business finances. Not only that, but it needs to be forward-focused, meaning you are planning for the future, not constantly reviewing the past.
Although we tailor our services to meet the needs of the business owner, we highly recommend the following three tools are in place, to help accelerate your business to the next level.
Budgeting and cashflow planning:
Step 1. The Budget.
We strongly believe that each business needs to have a minimum projection of what it anticipates in terms of its trading revenue and expenses.
There are many ways to forecast your income and expenses, from looking at a break-even analysis (what the business needs just to survive), to a high growth model, and these decisions are dependent on a number of factors which we would discuss with you at the time of budget preparation.
Step 2. Linking to your cashflow
As you may already know, looking at your profit and loss isn’t the same as looking at your cash inflows and outflows each month, and that largely comes down to timing. The timing of receipts and payments, tax, purchasing of property plant and equipment, and loan repayments all play a big part in your cashflow management and capabilities.
If you truly want to get a clear picture of your cashflow, and anticipate any shortcomings well in advance, then we recommend you let us help you create a full cashflow forecast, which includes a projected profit and loss, projected Balance Sheet, and Projected Cash Movements.
2. Regular reporting - comparing budget to actual:
Having a budget and cashflow forecast will set measurable financial goals for the business, but to really make use of these, they need to be reported on (ideally each month).
As part of our service, we recommend you have monthly financial reports comparing actual results to budget, so its clear how your business is tracking throughout the year, and can make any necessary adjustments to ensure it reaches the financial goals you set for it.
3. Interpretation and advice:
Lastly, we know that business owners benefit from having expert support and advice when it comes to interpretting financial results. After all, it is near impossible for business owners be experts in all areas of the business, and having an independent viewpoint can add significant value to the process.
If you are really keen on improving you business and don’t have the above tools in place, why not reach out to us for a no-obligations chat today. We can help you with the above, and so much more.